Constitution Capital Partners, a Boston, MA-based private equity firm focused on North American small to mid-cap buyouts, closed Ironsides IV and related segregated mandates with total commitments of $755m.
Commitments came from a diverse group of new and existing global investors comprised of public pension plans, corporates, Taft Hartley, foundations, endowments, and family offices. As with its predecessor fund, Ironsides IV will focus on investments in primary funds with $200m to $1.5 billion in commitments and direct investments with enterprise values between $100m and $1 billion.
To date, the fund has completed four direct investments and seven fund investments.
Led by Managing Partners Daniel M. Cahill and John J. Guinee, CCP makes strategic investments in North American lower middle market buyout funds and makes direct investments across a variety of sectors in North American lower middle market companies.
The firm currently manages approximately $2.7 billion of assets.